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Startup · $5m raised

Ausnet

Coverage

Stories naming Ausnet. Where several outlets covered the same round, they are bundled under whichever ran the fullest account.

Funding announcement

Energy grid digital twin platform Neara turns unicorn with $90 million Series D

Australian grid-modelling startup Neara raised a $90 million Series D led by TCV, valuing the company above $1 billion, funding ML and expansion.

14 deals

Can EVs help get more out of the grid, for less? Two new grant winners hope to show the way

Fourteen projects won grants under the federal government's Grid Enhancing Technologies program, including EV charging firms Jet Charge and Charge Hub Australia, to show how EVs and other tech can ease grid constraints.

Also RenewEconomy

4 deals

Neara powers up to unicorn status with $90 million capital raise

Neara joins the unicorn club after a TCV-led $90 million Series D at a $1.1 billion valuation, with existing backers participating; funds will fuel global expansion and engineering hires.

Also Startup Daily·RenewEconomy·RenewEconomy·Startup Daily

Unnamed stage

IND Technology: Investment Notes

Virescent Ventures announces it has invested in grid-tech firm IND Technology's inaugural institutional round, led by Energy Impact Partners and Angeleno Group, profiling the Melbourne company's early fault detection technology, founders and utility customers.

Also SmartCompany·Startup Daily·RenewEconomy·RenewEconomy·SmartCompany·Startup Daily·SmartCompany·Startup Daily

10 deals

Eight Aussie startups that raised $104.4 million this week

Weekly roundup of eight Australian startup raises, led by Sonder's $40 million round, plus AMP's $20 million raise and acquisition of the Shopify app Back in Stock.

Also Startup Daily·Defence Connect·SmartCompany·Startup Daily·Startup Daily·Defence Connect·Forbes Australia

Unnamed stage $15m

EcoJoule Energy lands $15 million to power smart grid and battery tech

Brisbane-based EcoJoule Energy has brought in $15 million from investors Ellerston Capital and Fifth Estate Asset Management, its first institutional money, to fund manufacturing expansion and international growth.

Also Startup Daily·RenewEconomy·SmartCompany

Grant $2.4m

Boosting street-side EV charging across Australia

ARENA commits $2.4 million to EVX for 250 kerbside EV chargers across three Australian states, funded through the Driving the Nation Program, with electricity distributors and a retailer supporting the rollout.

Also @AuManufacturing

Key hire

Grid Connections: Who’s going where in Australia’s energy transition

A rolling roundup of Australian energy-sector job moves, listing dozens of executives, directors and ministers joining or leaving utilities, regulators, developers and industry bodies between May and December 2023.

3 deals

CEFC congratulates Gridcognition on close of seed round at nearly $4m

Energy software firm Gridcognition closed a $2.25 million seed round; CEFC committed $625,000 through its innovation fund alongside Alberts Impact Ventures, Afterwork Ventures and angel investors, taking total funding near $4 million.

Also Virescent Ventures·gridcog.com·Startup News (WA)·Startup News (WA)·Startup News (WA)

2 deals

Electricity networks gear up to manage electric vehicle demands on the grid

ARENA grants Jemena $1.6 million for a residential EV smart charging trial with four electricity networks, and recalls earlier support for EV charging projects by Origin, AGL, ActewAGL, Chargefox and Evie Networks.

Also ARENA·ARENA·ARENA·@AuManufacturing·RenewEconomy·RenewEconomy

7 deals

Ignition Lane’s Weekly Wrap: Zoom boom, Redbubble hits unicorn, Rocket Lab takes off

Weekly roundup column covering Zoom's record quarter, Redbubble reaching unicorn valuation, founder share sell-downs, a new secondary fund launch, and funding rounds for mental health and e-commerce startups.

Also Startup Daily·Startup Daily·Startup Daily·Startup Daily·Women's Agenda

Grant $1.3m

Hydrogen potential for local gas networks in SA and Victoria

ARENA grants $1.28 million to Australian Gas Networks to establish a centre studying hydrogen blending in South Australian and Victorian gas pipelines, with extra support from state governments and energy companies.

Also @AuManufacturing·RenewEconomy·@AuManufacturing·RenewEconomy

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